Posts Tagged ‘Baltic Dry Index’

Public pension funds are going broke. Certain state pensions are laughably short the money needed to pay retirees. The Central States Pension Fund – a giant private pension fund, recently decided to cut benefit payments by as much as 61%. Retirees currently getting monthly checks for $3,000 will only get $1,180 now. The cuts will affect hundreds of thousands of people.

Over the past decade, all central banks went into overdrive with currency devaluations. This has done more harm than good. A currency war between developing nations is likely to be more damaging than thought, leading to a reduction in global trade & possibly economic growth, rather than just reapportioning a fixed level of trade between winners & losers.

Dollars, Euros, Yen, and other unbacked fiat currencies have been printed to excess for decades. A vulnerable and dangerous financial system that is increasingly leveraged is a bubble in search of a pin. Accidents happen! Protect yourself and insure your assets with gold and silver – The real money for 5,000 years.

In an economy where activity is beginning to surge, the prices of commodities also pick up, as demand for these increases. Rising economic activity leads to demand for credit & so interest rates also increase. But this is hardly the case, which increases risk of disappointment in months ahead which could be negative for markets.